How it started
History
Carta was founded as eShares in 2012 by entrepreneur Henry Ward and serial investor Manu Kumar. Ward became CEO and Kumar became the company's Chairman. The company launched when the founders saw a need for venture-backed companies to electronically manage equity, issue securities, and track their cap tables.
In August 2015 eShares raised a $17 million Series B, led by Spark Capital.
In October 2016 eShares partnered with cloud-based human resources company Zenefits to add equity management to Zenefits' platform.
On September 1, 2017, eShares acquired competitor Silicon Valley Bank's valuation business Silicon Valley Bank Analytics (SVBA). In October Carta raised a $42 million Series C, led by Menlo Ventures and Social Capital. Matt Murphy of Menlo Ventures and Arjun Sethi of Social Capital joined the board of directors. In November, CEO Ward announced in a blog post that eShares would start doing business under a new name, Carta.
In December 2018 Carta raised $80 million in series D and reached a valuation of $800 million, led by Tribe Capital and Meritech Capital Partners.
From Wikipedia’s article on Carta, shared under CC BY-SA 4.0.3